doola Bookkeeping Review 2024

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What Is doola?

doola Bookkeeping is a financial management service designed for small businesses, especially international entrepreneurs operating in the U.S. It offers tools for tracking transactions, automating invoices, and managing income and expenses. 

With the option to connect multiple bank accounts and receive real-time financial insights, it helps businesses stay organized and compliant. doola also provides access to dedicated bookkeepers, through a few of the available plan options, who handle tasks like account reconciliation and monthly financial reporting, addressing common pain points like managing cash flow, preparing for tax season, and ensuring financial accuracy.

doola Features

doola offers features tailored to bookkeeping and ongoing management for entrepreneurs. Here are the standout features that can significantly benefit your business:

• User interface and experience: doola’s platform is designed with ease of use in mind. The intuitive design ensures that users can quickly access necessary services without feeling overwhelmed.
• Total compliance: This feature helps your business comply with state regulations, ensuring you never miss a filing deadline. 
• Bookkeeping and taxes: Your financial management is simplified with doola's bookkeeping services, which help keep your records organized and accurate. Coupled with worry-free tax filings, you can stay on top of your financial obligations without the stress.
• doola marketplace: This entrepreneurial toolkit offers resources and services to help you navigate the business world effectively. With essential tools to support your operations, the marketplace is a valuable addition for any founder.
• Messaging and communication: Users can easily connect with legal experts through doola’s messaging features, ensuring you get timely answers to your legal queries.
• Educational resources: With offerings like doola University, blogs, e-books, and events, doola prioritizes educating entrepreneurs about business fundamentals and industry trends. These resources are invaluable for providing all you need to know about LLCs and helping you navigate the in’s and out’s of launching and running a U.S.-based business.

Bookkeeping

doola Bookkeeping suite offers a comprehensive solution with features like business metrics dashboards, transaction tracking, categorization, and invoice management.

It provides real-time insights into business health, allowing users to track metrics such as profit, cash flow, expenses, and income. 

doola also integrates with external bank accounts for seamless monitoring, and for a higher tier, businesses can access a dedicated bookkeeper who handles monthly financial statements and account reconciliation. This service is ideal for entrepreneurs seeking streamlined bookkeeping and compliance support. 

Reporting Capabilities

doola books provide the following native reports:

• Profit and Loss
• Balance sheet
• Cashflow statement

Invoicing

doola’s invoicing feature allows businesses to create custom invoice templates, send recurring invoices, and track payments with ease.

Integrated with Stripe, it enables businesses to accept payments via credit card, e-wallet, or bank account. The platform provides tools for managing customer lists and tracking outstanding invoices, making it efficient for businesses to manage their cash flow. 

With its straightforward interface, doola streamlines the invoicing process, helping businesses get paid faster and stay organized.

Is doola Safe and Reliable?

doola takes security seriously, protecting your business and personal information with top-notch protocols like PCI compliance, firewalls, and SSL encryption. This ensures your data is safe from fraud and unauthorized access during transactions. But while they handle secure payments, you'll still need to manage other online security measures. 

How doola Works

doola's bookkeeping service offers a comprehensive platform that simplifies financial management for businesses. Through its user-friendly dashboard, you can easily track key financial metrics like profit and loss, cash flow, expenses, and income. 

The Invoice Center allows you to create, monitor, and manage invoices, while the Income and Expense Centers streamline the tracking of transactions by linking external bank accounts or allowing manual entries.

For those needing more support, doola’s dedicated bookkeeping service provides a human bookkeeper who manages transaction categorization, account reconciliation, and monthly financial closings. With real-time financial insights and CPA-backed support, doola ensures businesses stay organized and compliant throughout the year.

How doola Books works 

doola Books makes managing your finances simple with options to upload banking transactions. You can link external accounts, including credit cards and merchant processors, to automatically import transactions. If your bank isn’t supported, you can manually upload statements, and doola Books will organize the data for you. These features allow you to track all financial activities in one user-friendly platform, streamlining your bookkeeping process. Whether using automated or manual uploads, doola Books ensures seamless financial management, freeing up more time to focus on growing your business.

doola Customer Service

doola offers customer support via live chat and email at hello@doola.com, as they do not provide a phone number. They promptly respond to messages within one business day. Additionally, their website features helpful blogs and guides for further support.

doola Cancellations & Subscription Policy

doola’s cancellation policy states that users can cancel their account at any time, but all payments are nonrefundable. If you cancel a subscription, the service remains active until the end of the paid period, but no refunds or credits are offered for partially used time. Additionally, if an application has been submitted to a state or government agency, no refund will be issued. doola may issue refunds at its discretion if the application process has not started.

Is There a doola App?

Currently, doola does not offer a mobile app. All services are accessible through their user-oriented website, which allows you to manage your bookkeeping tasks seamlessly.

doola Pricing

doola offers several bookkeeping and accounting plans to suit different business needs:

• Bookkeeping Software: This plan helps you efficiently track transactions, send invoices, and monitor client payments. It includes features like transaction tracking, invoicing, financial report downloads, and multiple bank account integration. The plan is priced at $25 per month, billed annually at $300.
• Dedicated Bookkeeping: In addition to the features of the basic bookkeeping software, this plan provides support from a dedicated bookkeeper. It includes advanced bookkeeping calculations and monthly or quarterly financial closings. This plan costs $167 per month, billed annually at $1,999.
• Dedicated Tax Filings: This plan focuses on IRS tax compliance, offering expert tax preparation, one CPA consultation, and up-to-date tax law information. It is priced at $125 per month, billed annually at $1,500.
• All-in-One Accounting: For businesses that need a complete financial solution, this plan combines bookkeeping software, dedicated bookkeeping support, and tax filing services into one package. The plan is priced at $249 per month, billed annually at $2,999.

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Is doola Worth It?

doola’s bookkeeping service is an excellent choice for small businesses and entrepreneurs looking for streamlined financial management. It offers dedicated CPAs, real-time financial insights, and customizable packages that handle everything from transaction tracking to generating financial reports. The combination of DIY software and fully managed bookkeeping allows flexibility to suit different business needs. With tools for managing income, expenses, and invoicing, doola makes it easy for business owners to stay on top of their finances without the hassle of complex bookkeeping tasks.